State has RM1b in in­vest­ments from 48 man­u­fac­tur­ing projects

New Straits Times - - Business -

PERLIS, which has about RM1 bil­lion of in­vest­ments parked in its man­u­fac­tur­ing projects, is well-po­si­tioned to of­fer tremen­dous op­por­tu­ni­ties, said Malaysian In­vest­ment De­vel­op­ment Au­thor­ity (Mida).

A big ven­ture is the Kere­tapi Tanah Me­layu Bhd (KTMB) cargo ter­mi­nal fa­cil­ity in Padang Be­sar.

“As the lo­gis­tics in­dus­try forms the back­bone of sup­ply chains, the up­graded fa­cil­ity will act as an en­abler to­wards pro­vid­ing a more ef­fec­tive ser­vice de­liv­ery and en­hance the over­all sup­ply chain process. This will con­trib­ute to­wards el­e­vat­ing the op­er­a­tional ef­fi­cien­cies of the busi­nesses in Perlis,” said Mida chief ex­ec­u­tive of­fi­cer Datuk Dr Az­man Mah­mud in a state­ment, in con­junc­tion with the groundbreaking of the KTMB fa­cil­ity ex­pan­sion yes­ter­day.

He said the state’s prox­im­ity to Thai­land and In­done­sia, as well as states in the north­ern cor­ri­dor, made Perlis a highly strate­gic in­vest­ment lo­ca­tion.

There are 48 man­u­fac­tur­ing projects in Perlis, with to­tal in­vest­ments of RM1.03 bil­lion.

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